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BottomBounce

05/20/14 10:17 AM

#13789 RE: Psionic Trader #13783

$ECA Encana Corporation (Encana) is a North American energy producer. The Company’s other operations include the transportation and marketing of natural gas, oil and natural gas liquids (NGLs). All of Encana’s reserves and production are located in North America. The Company operates in two divisions: Canadian Division and USA Division. The Canadian Division includes the exploration for, development of, and production of natural gas, oil and NGLs and other related activities within Canada. USA Division includes the exploration for, development of, and production of natural gas, oil and NGLs and other related activities within the United States. In May 2014, Jonah Energy LLC acquired Jonah field operations located in Sublette County, Wyoming, from Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation.

BottomBounce

05/22/14 10:07 AM

#13791 RE: Psionic Trader #13783

$ECA Encana ~ The DJ Basin is a light oil play with significant scale located in northeast Colorado and extending into Wyoming and Nebraska. For more than 30 years, this area has been one of the country’s most important oil and natural gas producing basins. Encana’s position in the play is located in the heart of the Wattenberg field, the most productive field in the area. Encana produces oil and gas from the Niobrara, Codell and J Sand geologic formations in this field.

This play is ideally situated with no market takeaway constraints. Encana has achieved significant well cost reductions in this play, and oil and condensate which make up 70% of total liquids in the area, generate quality returns for the company. http://www.encana.com/operations/dj-basin.html